CARE Ratings has reaffirmed the rating of Panama Petrochem’s long term bank facilities/fund based limits to A- Stable and reaffirmed the rating on short term bank facilities/non fund based to A2+.
Panama Petrochem is in the field of petroleum speciality oils and solvents for more than 25 years. Its Ankleshwar Plant is one of the best of its kind in terms of huge production capacity with large storage tanks and warehouses.